Mexico Food and Drink Report Q2 2015

176 PagesBMI ResearchMarch 11, 2015
SKU: BMI5491171

Mexico Food and Drink Report Q2 2015

BMI View: The Mexican economy will improve significantly in 2015, following sluggish growth in the lastcouple of years. We forecast real GDP growth of 3.5% in 2015, up from a projected 2.1% in 2014 and 1.4%in 2013. Lower oil prices will contribute to a stronger US consumer, resulting in greater demand forMexican manufactured goods exports. Mexico's manufacturing sector accounts for over 17.0% of GDP andis a main generator of employment. As a result, more favourable labour market dynamics, combined withthe diminishing effect of tax hikes on consumer goods that were implemented in January 2014, will lead tosignificantly stronger household spending in 2015.